The USDA report will identify trends in maize prices in the United States

in Anticipation of the publication of USDA report on crops in the U.S. traders are trying to determine the future direction of prices and almost does not participate in the bidding.

According to the survey Bloomberg, the average estimate of acreage under corn in the US is 87,03 million acres compared to the predicted USDA in may 92.8 million acres, and in June and 89.8 million acres. However, area for harvest could be reduced due to transfer of crops for silage.

USDA urged farmers to sow corn after the optimal timing and use it for silage to reduce the losses from not using the ground.

the corn Futures remained at the level of 179,2 $/t thanks to the support of the wheat market, which is growing heat in Europe. Traders expected a reduction of the assessment of the stocks of corn in the U.S. will also lead to higher prices.

On the physical market of corn in the U.S. prices are rising because of a shortage of proposals. The Taiwanese company Taiwan Sugar Corp Purchased on June 26 at the tender of 15 tonnes of us corn in the company CJ International price 252,3 $/t C&F for delivery from 27 August to 10 September from the ports of the Mexican Strait or 11-25 September from the ports of the Pacific coast of the United States.

Dry and warm weather in Brazil helps to harvest corn, which was threshed already at 19% of the area compared to 7% on average for 5 years at that date. Active duty will increase supply on the world market and meet the growing demand.

Experts FAS, the USDA increased the forecast of corn production in Ukraine in 2019/20 MG to 320 thousand tons to 33.32 million tonnes, which is 7% below the record crop 2018/19 Mr.

the Forecast of corn exports would be reduced by 1.6 million tons to 25.4 million tons, which is 9.3% lower than in the current season. The estimate for ending stocks was reduced by 359 thousand tons to 858 thousand tons, which will be the lowest level since 2010/11 season.